DOLLAR GENERAL | GEORGETOWN, TEXAS



INVESTMENT SUMMARY

Purchase Price
$1,968,367

Location
30712 Chi Chi Dr

Cap Rate
6.00%

Annual Rent
$118,102.20

Building Size
9,610 SF

Land Area
1.95 Acres

Ownership
Fee Simple

Lease Type
NNN

Term Remainning
10 Years

LEASE EXPIRATION
8/31/2035

Renewal Options

RENT INCREASES
10% at Options

Parking
31 Spaces

Year Built
2020

APN
R459636

Traffic Counts
40,401 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- 10 Years of Guaranteed Lease Term (Lease Exp: August 2035)
- 2020 Build-to-Suit Construction
- 9,610 SF Building on 1.95 Acre Parcel
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
ABSOLUTE NNN LEASE | A TRUE COUPON CLIPPER:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses and Insurance
- Tenant Reimburses Property Taxes in Full
HIGHLY UPGRADED CONSTRUCTION:
- Four-Sided Upgraded Construction - Split-Face CMU & Hardiplank
GEORGETOWN, TEXAS:
- Georgetown is the Fastest-Growing City in the U.S. Among Cities with 50,000+ Residents, According to U.S. Census Data
PROXIMITY FROM GEORGETOWN, TEXAS:
- Austin, TX | 28 Miles
- San Antonio, TX | 106 Miles
- Dallas, TX | 168 Miles
- Houston, TX | 176 Miles
EXPLOSIVE POPULATION GROWTH:
- 1-Mile: 6.25% Annually (31.25% Projected Growth Over the Next 5 Years)
- 3-Mile: 2.60% Annually (13.00% Projected Growth Over the Next 5 Years)
- 5-Mile: 1.70% Annually (8.50% Projected Growth Over the Next 5 Years)
- 7-Mile: 2.57% Annually (12.85% Projected Growth Over the Next 5 Years)
- 10-Mile: 4.20% Annually (21.00% Projected Growth Over the Next 5 Years)
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 2,193 Residents | $179,577 Average Household Income
- 3-Mile: 14,234 Residents | $157,780 Average Household Income
- 5-Mile: 51,442 Residents | $137,952 Average Household Income
- 7-Mile: 89,925 Residents | $145,467 Average Household Income
- 10-Mile: 157,097 Residents | $152,294 Average Household Income
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #111 on the Fortune 500 List